Finance news – Page 384
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NewsMedia Bites 10 May: Morrisons, Harry's, Kraft Heinz
Morrisons is eyeing a closer relationship with Amazon and takeaway delivery firms such as Deliveroo and Uber Eats after loosening its agreement with online retailer Ocado
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NewsOcado to build second CFC for Canadian partner Sobeys
The development builds on a deal Ocado struck with Sobeys at the beginning of 2018
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NewsMorrisons' retail growth slows as Ocado deal renegotiated
Morrisons has posted a 2.3% rise in like for like first quarter sales as it has announced a temporary suspension of its use of online partner Ocado’s Erith customer fulfilment centre and an end to the exclusivity of their partnership.
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NewsMedia Bites 9 May: Imperial Brands, Metro, Coty
The threat of tighter regulations on vaping products in the United States has held back growth in e-cigarette sales at Imperial Brands
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NewsOcado invests in robot chefs for ready-to-eat meals
The investment ‘gives Ocado the opportunity to expand its value proposition in grocery, especially through Ocado Zoom’
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NewsAsda George MD Nick Jones leaves amid management shake-up
Derek Lawlor has been promoted to SVP food and GM at Asda
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NewsFood waste groups share £4m of government funding
Government is calling on industry to back the UN Sustainable Development Goal 12.3 target to halve food waste by 2030
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NewsWarm weather boosts food sales over Easter
Food enjoyed an upbeat April because of the warm weather over the Easter weekend, the latest BRC-KPMG retail sales monitor shows.
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NewsMedia Bites 8 May: 2 Sisters, Retail sales, HelloFresh
2 Sisters Food Group is seeking a buyer for its Matthew Walker Christmas puddings maker
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NewsTesco selling Jack's branded products in 900 stores
The move will see nine Jack’s products on sale at Tesco until the end of May in nearly 900 of its larger stores
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NewsHop Stuff weighs up new finance plan as dispute halts brewing
The brewer ran into issues with its landlord and HMRC over a rental arrears dispute
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NewsAB InBev explores IPO for Asian business
AB InBev is exploring a potential minority stake listing of its Asia Pacific business on the Hong Kong Stock Exchange as it announced “solid” first quarter sales.
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NewsMedia Bites 7 May: Kraft Heinz, AB InBev, Patisserie Valerie
Kraft Heinz has been forced to restate almost three years of accounts after it uncovered evidence of “misconduct” in its procurement operations.
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NewsNaturelly close to £200k fundraising target on Seedrs
The Altrincham company is offering more than 15% equity, valuing it at £1.1m
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NewsThe Grocer's parent acquires stake in data business CGA
The publishing house has joined forces with the Nielsen Group by investing in CGA as one of its minority investors
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NewsThe Coconut Collaborative secures £3m for US expansion
Since launching in the US 18 months ago, Coconut Collective has won listings at several retailers
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NewsCoupe vows to live well with less as Asda deal is 'history'
The embattled CEO insisted the future is bright for Sainsbury’s and this week vowed to stay for “months and years”
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NewsTotal Produce breaks €5bn in revenue after buying Dole stake
Sales soared by almost €700m, equal to 17%, in the year to 31 December 2018
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NewsWaitrose profits given huge boost by cut in staff bonuses
The most recent bonus represents the lowest profits-to-bonus ratio on record
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NewsCity snapshot: Easter fails to halt high street sales slide
Good weather and the Easter holidays have failed to stem the decline of the UK’s suffering high street, with shopper numbers over the period down again according to BDO. Plus, Beyond Meat shares surge 170% on US stock market debut and all the rest of the latest news from the City.